Friday Sep 29, 2023
2024 Budget Considerations for Business Owners
Key Takeaways:
- Start tax planning early and review financials to make informed decisions for the upcoming year.
- Analyze revenue trends and identify areas where you can better serve your customers.
- Consider investing in capital equipment or expanding your business based on projected growth.
- Consult with a CPA or financial planner to develop a solid plan and make the most of tax savings opportunities.
Chapters:
| **Timestamp** | **Summary** |
| ------------- | ----------- |
| 0:00:07 | Introduction and disclaimer |
| 0:00:38 | Introduction to the episode |
| 0:01:16 | Importance of tax planning for the end of the year |
| 0:03:18 | Budget considerations for business owners in 2024 |
| 0:04:45 | Using past financials to plan for future revenue growth |
| 0:07:04 | Business owners reevaluating operations and pricing structures |
| 0:08:35 | Importance of objective perspective from a CPA |
| 0:09:13 | Reflecting on budgeting and developing strategies |
| 0:09:26 | Contact information for further discussion |
| 0:09:58 | Disclaimer and closing statement |
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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
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